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China’s monetary policy pivots back to normalcy from crisis mode

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China has started to withdraw the emergency monetary policies introduced to offset the impact of the coronavirus outbreak as the economy continues to recover from fallout.

Given the stronger-than-expected economic rebound in the second quarter, and with concerns looming of creating excess debt and financial bubbles, it's becoming less necessary for Beijing to offer extra cheap money, they say.

According to data from Wind Information, the seven-day interbank pledged-style repo . . .

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